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Tuesday, October 14, 2008

The financial acumen of the politicians.

A friend of ours, Richard Venable sent the following. I'm not sure if he was passing it along or wrote it, either way he deserves some appreciation.

Not Looking Good for the Bailout Plan

Back in 1990, the Government seized the Mustang Ranch brothel in Nevada for tax evasion and, as required by law, tried to run it. They failed and it closed. Now we are trusting the economy of our country to a pack of nit-wits who couldn't make money running a whore house and selling booze?

True, very true. I'm perplexed at why anyone believes people, who have the ability to steal money through taxes, but still can't balance a budget are the ones to resolve the financial mess in housing, and housing related banking. More importantly they were the morons who created the mess through their government-sponsored businesses, Fannie Mae and Freddie Mac. If you want an indication of how bad politicians are at running finances all you need do is check out the national debt clock we have about half way down in our far left column.